BNP Paribas Arbitrage SA Lowers Stock Holdings in Nielsen Holdings plc (NYSE:NLSN)

BNP Paribas Arbitrage SA decreased its position in shares of Nielsen Holdings plc (NYSE:NLSNGet Rating) by 84.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 281,167 shares of the business services provider’s stock after selling 1,547,285 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Nielsen were worth $5,767,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NLSN. Clarkston Capital Partners LLC boosted its stake in Nielsen by 5.7% during the third quarter. Clarkston Capital Partners LLC now owns 22,509,607 shares of the business services provider’s stock valued at $431,959,000 after buying an additional 1,205,624 shares during the last quarter. BlackRock Inc. boosted its stake in Nielsen by 0.7% during the third quarter. BlackRock Inc. now owns 21,536,621 shares of the business services provider’s stock valued at $413,289,000 after buying an additional 156,569 shares during the last quarter. Morgan Stanley boosted its stake in Nielsen by 27.3% during the third quarter. Morgan Stanley now owns 15,454,581 shares of the business services provider’s stock valued at $296,574,000 after buying an additional 3,317,439 shares during the last quarter. UBS Group AG boosted its stake in Nielsen by 30.5% during the third quarter. UBS Group AG now owns 14,480,001 shares of the business services provider’s stock valued at $277,871,000 after buying an additional 3,388,422 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Nielsen by 1.6% during the fourth quarter. Lazard Asset Management LLC now owns 7,155,910 shares of the business services provider’s stock valued at $146,767,000 after buying an additional 115,425 shares during the last quarter.

NLSN has been the subject of a number of research reports. Jefferies Financial Group lowered Nielsen from a “buy” rating to a “hold” rating and set a $28.00 price target for the company. in a research note on Wednesday, March 30th. StockNews.com assumed coverage on Nielsen in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research lowered Nielsen from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a research note on Thursday, May 5th. Morgan Stanley raised Nielsen from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $15.00 to $28.00 in a research note on Tuesday, March 29th. Finally, Royal Bank of Canada raised their price objective on Nielsen from $20.00 to $28.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 30th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.50.

In other Nielsen news, major shareholder Windacre Partnership Llc purchased 10,510,800 shares of the firm’s stock in a transaction that occurred on Monday, April 11th. The stock was purchased at an average cost of $27.30 per share, with a total value of $286,944,840.00. Following the purchase, the insider now owns 78,497,000 shares of the company’s stock, valued at $2,142,968,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased a total of 26,105,385 shares of company stock valued at $715,142,857 over the last three months. 0.63% of the stock is owned by corporate insiders.

Shares of NLSN stock opened at $25.14 on Friday. Nielsen Holdings plc has a 52-week low of $16.02 and a 52-week high of $28.21. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.96 and a current ratio of 1.96. The firm has a market capitalization of $9.04 billion, a P/E ratio of 18.35 and a beta of 1.41. The stock has a 50 day moving average price of $25.25 and a 200 day moving average price of $21.68.

Nielsen (NYSE:NLSNGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. Nielsen had a return on equity of 17.99% and a net margin of 14.09%. The firm had revenue of $877.00 million during the quarter, compared to analyst estimates of $879.27 million. During the same period last year, the company earned $0.45 EPS. Nielsen’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Nielsen Holdings plc will post 1.79 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 16th. Investors of record on Thursday, June 2nd will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.95%. Nielsen’s dividend payout ratio is currently 17.52%.

Nielsen declared that its board has approved a stock repurchase program on Monday, February 28th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the business services provider to purchase up to 16% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

About Nielsen (Get Rating)

Nielsen Holdings plc, together with its subsidiaries, operates as a measurement and data analytics company worldwide. The company provides viewership and listening data, and analytics principally to media publishers and marketers, and advertising agencies for television, computer, mobile, CTV, digital, and listening platforms.

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Institutional Ownership by Quarter for Nielsen (NYSE:NLSN)

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